Insurance Market Trends: Croatia, Macau and Burkina Faso 2017 Forecasts in New Research Reports at RnRMarketResearch.com

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The insurance industry’s key trends and opportunities to 2017 in Croatia, Macau and Burkina Faso analyzed in these research reports.

Dallas, Texas (PRWEB)March 01, 2013

The Croatian economy grew at a healthy rate, averaging 4-5% annually during 2001-2008. This facilitated the growth of insurance services in the country. However, the global financial and European debt crisis affected the Croatian insurance industry which registered negative growth during 2009-2011. The Croatian insurance industry is dominated by the non-life insurance segment. Privatization measures by the government to facilitate investments, increasing product development and use of new technology will be the main drivers for the insurance industry in the country over the forecast period.

In order to tap into the growing investor attention as a result of Croatia’s accession to the European Union in July 2013, the government embarked on a drive to attract foreign funds into energy and infrastructure projects. Among the assets the Croatian government is looking to offload is insurance company, Croatia osiguranje (CO), the biggest insurance company in the country.

Burkina Faso has one of the smallest insurance industries in West Africa in terms of gross written premium. There were only 11 insurers and one reinsurance company operating in the country in 2011. Out of these 11, seven operated in the non-life insurance segment and four in the life insurance segment. The global financial crisis had an indirect effect on the Burkinabe insurance industry as Burkina Faso’s economy is largely dependent on exports of cotton and gold. The financial crisis led to a decline in exports from the country, which negatively impacted its economy and had a knock-on effect on the Burkinabe insurance industry during the review period.

Macau is one of the two special administrative regions of the People’s Republic of China. The region’s economy is predominantly dependent on tourism, gambling and the manufacturing sector. However, the contribution of the financial services sector, including the insurance industry, is gradually increasing. The value of the Macau insurance industry grew during the review period (2007-2011), with life insurance being the largest segment. The growth of the insurance industry is being driven by expanding casino-related infrastructure development projects and a favorable regulatory framework, including a wide range of compulsory insurance categories such as motor third-party liability and various professional liability insurance categories. Macau has the second highest life expectancy in the world, which also contributed to the overall growth of the insurance industry during the review period. These factors are expected to remain important over the forecast period (2011-2016), which is likely to continue to witness insurance industry growth.

These country specific insurance reports provide a comprehensive analysis of the insurance industry in each country and cover the following: historical values for the concerned country’s insurance industry for the report’s 2007-2011 review period and forecast figures for the 2011-2016 forecast period; a detailed analysis of the key segments and categories in the insurance industry of the country of your choice, along with industry forecasts until 2016; an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions and profiles the top insurance companies in the country and outlines the key regulations affecting them.

Here are few reasons to buy one or more of these insurance industry reports: make strategic business decisions using in depth historic and forecast industry data related to the country’s insurance industry and each segment within it; understand the demand-side dynamics, key market trends and growth opportunities within the country’s insurance industry; assess the competitive dynamics in the insurance industry of the concerned country; identify the growth opportunities and market dynamics within key segments and gain insights into key regulations governing each country’s insurance industry and its impact on companies and the industry’s future.

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